Publication details for Dr Timo HeinrichBrosig-Koch, J., Heinrich, T. & Helbach, C. (2014). Does truth win when teams reason strategically? Economics Letters 123(1): 86-89.
- Publication type: Journal Article
- ISSN/ISBN: 0165-1765
- DOI: 10.1016/j.econlet.2014.01.016
- Further publication details on publisher web site
- Durham Research Online (DRO) - may include full text
Author(s) from Durham
We study behavior in the race game with the aim of assessing whether teams can create synergies. The race game has the advantage that the optimal strategy depends neither on beliefs about other players nor on distributional or efficiency concerns. Our results reveal that teams not only outperform individuals but that they can also beat the “truth-wins” benchmark. In particular, varying the length of the race game we find that the team advantage increases with the complexity of the game.